- 21 Jul 2022
- ICICIdirect Research
UNVEILS ALL NEW GRAND VITARA IN THE MID-SUV SEGMENT
MARUTI - 11280 Change: -38.15 (-0.34 %)News: In regulatory exchange filing Maruti Suzuki unveiled its Grand Vitara which is available with 2 engine options, first is smart hybrid which is 1.5L K15 engine with fuel efficiency of ~21.1 km/l, second is Intelligent Electric Hybrid powertrain (Self-charging with Energy regeneration) which is 1.5L petrol engine with fuel efficiency of ~28km/l.
Views: Company finally unveiled its 2nd product in the SUV space in the recent past to further strengthen its positioning and regain lost market share. It comes with new age features like ventilated front seats, panoramic sun roof, connected tech system, 6 Airbags, ESP, 360 degree camera, TPMS, colourful heads-up display among others and are in line with its competitors. It is expected to be priced at ~₹ 10 lakhs (ex-showroom) for the base variant. However same is expected to be produced at Toyota’s plant in India.
Impact: Neutral